Author Topic: Pakistan: No High Denomination Banknotes Planned, Says SBP  (Read 382 times)

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Offline Bimat

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Pakistan: No High Denomination Banknotes Planned, Says SBP
« on: August 19, 2015, 08:08:18 AM »
SBP not to issue Rs 10,000 banknotes

August 19, 2015

KARACHI: The State Bank of Pakistan (SBP) has brushed aside all speculations that the central bank is considering to issue a new banknote of Rs10,000 or bigger denomination.

“The SBP has no plans whatsoever for issuance of any higher denomination banknote as seven denominations of the existing banknotes are adequately meeting the business/transactional needs of the economy,” said SBP’s spokesman on Tuesday.

Source: Daily Times
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